Good morning, Traders!
I’ve got great news about the Nasdaq 100 futures market (NQ)! The market pulled back and established a known U-turn point. I expect the NQ to break the new counter trendline and push bullish for a +1,000 tick movement to the Fibonacci extension of 14294.25.
These tick movements are how we make money, so it’s important to follow these trends and get our entries into the market timed correctly. If you miss this opportunity, you miss out on the chance to make a seriously profitable trade!
I’ve placed a stop at 13687.50 to limit our loss if the trade decides to turn against us, but the market looks like it’s headed for a new bullish rally. Not sure how to setup a trade that limits your potential for loss? Read my article on how to do it the right way.
Now’s the time to prepare your trading strategy for the NQ as it’s poised to rally to a new high price. Follow along as I review our setup and examine the daily and one-hour timeframe charts for the NQ. You can’t make the trade without this info!
Let’s get started…Daily Timeframe Analysis
The NQ daily timeframe is in an overall uptrend, with the market hitting the uptrend line (diagonal grey line) and U-turning toward a bullish rally (middle green arrow).
I expect, in the long term, for the market to continue pushing upward toward the 14895.50 point, though we could see a retracement (temporary price drop) along the way.
The direction within the daily timeframe is up for the NQ
The one-hour timeframe shows an overall positive direction as the market prepares to rally
The NQ has reached a known level of U-turn toward the buy zone
Learn more about the Daily Direction Indicators here…
The overall direction for the NQ is up, as revealed in the daily timeframe. I expect the market to push toward 14895.5 in the long run, though there could be a temporary price drop along the way (yellow line)
While predicting future price movement can be tricky, I have the information that will help you do it like a pro. Check out my article on how I anticipate future market price direction here.
Let’s now turn to the one-hour timeframe to see what’s happening with the short-term movement for the NQ:
|Recommended Link:We can’t believe why almost no one is talking about this. It’s potentially the BIGGEST investment news of the decade.|
Today, we’ll show you how accessing a little-known portal in your brokerage account…
Is the key to potentially amassing a quick fortune.
You can start with a minimum average investment of just $500…
And turn it into a mind-blowing $50,000 payout!
All because the Chicago Mercantile Exchange (known as the “Merc”), the giant 171-year old trading marketplace, effectively turned the investing world on its head.
Overnight, they created a lucrative loophole so big it lets thousands of ordinary, hard-working Americans earn huge sums of extra cash.
One-Hour Timeframe Analysis
The one-hour timeframe for the NQ is where all the action is! The market has hit a known level of U-turn and pushed through the counter trendline (bold green arrow/diagonal grey line). This means the market is preparing to increase in price and make a new push to a higher price.
Don’t forget to read up on how we use counter trendline breaks to enter the market.They’re a crucial part of my trading strategy. You can get more information about how they work here.
The one-hour NQ timeframe is setting up for a potential +1,000 tick rally. The market has U-turned and pushed through the counter trendline (bold green arrow). The market should rally bullish through the buy zone on its way to the next Fibonacci extension of 14294.25
I expect the market to rally through the buy zone as it makes a +1,000 tick push to the 14294.25 Fibonacci extension. In other words: this is your chance to make money from the NQ’s latest bullish rally!The Bottom Line
The NQ is ripe for a profitable trade setup as it starts a new rally to a higher price with a potential +1,000 tick movement. The market has broken the counter trendline, U-turned, and is making higher highs and higher lows. You should keep an eye on the one-hour timeframe and prepare your entry strategy if you want to get in on this opportunity to make some money!
The outlook for the NQ is great right now! This is a perfect opportunity to jump in and make some money as the market starts its latest bullish rally
But why risk doing this alone? I’m here to help you realize your money-making potential in futures trading. Just follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader!
Keep On Trading,
Mindset Advantage: Burn Your Baggage
You carry it around like George Clooney, in that movie ‘Up in the Air’.
The impossible weight of life and trading – all in one backpack.
Why not unburden yourself?
Don’t just set the baggage aside.
Get rid of it all together.
It can’t weigh you down if it’s not there to pick up again.
This goes especially for trading.
Learn from the losses, the bad entries, and the late exits.
Then get rid of them.
Burn that baggage.Traders Training Session